NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Fri May 9, 2014 11:00 AM CDT

WASHINGTON (DTN) -- USDA pegged 2014-15 corn ending stocks at 1.726 billion bushels and soybean ending stocks at 330 million bushels in its initial supply and demand estimate for the new crop year. Both estimates are within the range of pre-report expectations.

USDA also revised old-crop, 2013-14 ending stocks for both crops. USDA reduced corn ending stocks to 1.146 bb by increasing ethanol and export forecasts. On soybeans, USDA lowered ending stocks to 130 mb on increased exports, crushings and imports.

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Crop Production: http://www.nass.usda.gov/…

World Agricultural Supply and Demand Estimates (WASDE): http://www.usda.gov/…

CORN

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